Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share

Rhea-AI Summary

Heritage Commerce Corp (Nasdaq: HTBK) announced a quarterly cash dividend of $0.13 per share, payable on May 27, 2021, to shareholders of record by May 13, 2021. The Board expressed confidence in issuing this dividend despite pandemic challenges, viewing it as vital for enhancing shareholder value. Established in 1997, Heritage Commerce is the parent company of Heritage Bank of Commerce, which operates full-service branches across California and serves as an SBA Preferred Lender.

Positive

• Declaration of a quarterly cash dividend of $0.13 per share indicates financial stability.
• The dividend demonstrates the company's commitment to enhancing shareholder value.

Negative

• None.

SAN JOSE, Calif., April 22, 2021 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce, today announced that its Board of Directors declared its regular quarterly cash dividend of $0.13 per share to holders of common stock. The dividend will be payable on May 27, 2021, to shareholders of record at close of business day on May 13, 2021.

“The Board of Directors is pleased to be able to announce the issuance of its regular quarterly cash dividend, despite the challenges presented by the ongoing pandemic,” said Walter Kaczmarek, President and Chief Executive Officer. “We believe that our quarterly dividend is an important part of building shareholder value."

Heritage Commerce Corp, a bank holding company established in October 1997, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose, CA with full-service branches in Danville, Fremont, Gilroy, Hollister, Livermore, Los Altos, Los Gatos, Morgan Hill, Palo Alto, Pleasanton, Redwood City, San Francisco, San Jose, San Mateo, San Rafael, Sunnyvale, and Walnut Creek. Heritage Bank of Commerce is an SBA Preferred Lender. Bay View Funding, a subsidiary of Heritage Bank of Commerce, is based in San Jose, CA and provides business-essential working capital factoring financing to various industries throughout the United States. For more information, please visit www.heritagecommercecorp.com.

Member FDIC

For additional information, contact:
Debbie Reuter
EVP, Corporate Secretary
Direct: (408) 494-4542
Debbie.Reuter@herbank.com

 

FAQ

What is the dividend amount declared by Heritage Commerce Corp (HTBK)?

Heritage Commerce Corp declared a quarterly cash dividend of $0.13 per share.

When will the dividend for HTBK be paid?

The dividend will be payable on May 27, 2021.

What is the record date for receiving the dividend for HTBK?

The record date for the dividend is May 13, 2021.

How does the dividend impact shareholders of HTBK?

The dividend issuance is a positive signal of the company's commitment to shareholder value.